What is a spread in trading?
An example of an AI chatbot conversation about the concept of spread in trading.
What is a spread in trading?
A spread in trading refers to the difference between the buying price (ask) and the selling price (bid) of a financial instrument.
Why is the spread important for traders?
The spread is important because it affects the cost of entering and exiting trades. A narrower spread means lower costs.
How does the spread vary between different markets?
The spread can vary significantly between markets. For example, forex markets often have tighter spreads compared to stocks.
Can you give me an example of a spread in forex trading?
Sure! If the EUR/USD pair has a bid price of 1.1000 and an ask price of 1.1002, the spread is 2 pips.
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